Mar 6, 2023
In summary: As the US dollar is used more and more countries! The main currency generally recognized in the world is the US dollar, and the United States also ranks among the world’s economic powers by virtue of the advantage of the US dollar. Today, the US dollar plays a pivotal role in trade among countries, especially in oil trade. Therefore, the US dollar is used by many countries as an international reserve currency. However, some experts in the United States suggested returning to the gold standard. The reason is that more than 40 countries including China, Germany, Japan, and India have initiated the process of de-dollarization.
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